Hong Kong SAR, China - Instruments And Apparatus For Measuring Or Checking Pressure Of Liquids Or Gasses - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHong Kongs Price for Test and Measurement Equipment Decreases by 4%, With An Average of $7.8 per Unit
Hong Kong Test And Measurement Export Price in May 2023
In May 2023, the test and measurement price stood at $7.8 per unit (FOB, Hong Kong), declining by -3.6% against the previous month. Overall, the export price recorded a noticeable curtailment. The pace of growth was the most pronounced in August 2022 an increase of 85% against the previous month. The export price peaked at $15.3 per unit in February 2023; however, from March 2023 to May 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In May 2023, the country with the highest price was the United States ($34.7 per unit), while the average price for exports to the UK ($1.0 per unit) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.5%), while the prices for the other major destinations experienced a decline.
| COUNTRY | Export Price of Test And Measurement in Hong Kong (USD per unit) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | |
| United States | 23.0 | 20.1 | 12.3 | 15.5 | 38.8 | 25.5 | 14.6 | 10.9 | 62.2 | 44.0 | 17.9 | 30.2 | 34.7 |
| Germany | 83.1 | 83.9 | 61.0 | 22.1 | 116 | 32.2 | 100 | 30.2 | 10.8 | 27.8 | 47.2 | 32.9 | 15.3 |
| China | 10.7 | 6.7 | 7.1 | 17.6 | 7.4 | 12.0 | 13.8 | 9.2 | 10.6 | 15.0 | 7.6 | 7.2 | 7.6 |
| United Kingdom | 1.6 | 1.7 | 1.4 | 1.7 | 0.7 | 1.0 | 1.4 | 1.1 | 1.4 | 1.5 | 1.2 | 1.6 | 1.0 |
| Average | 11.5 | 7.3 | 8.0 | 14.8 | 7.7 | 9.8 | 11.9 | 7.7 | 10.1 | 15.3 | 7.0 | 8.1 | 7.8 |
Hong Kong Test And Measurement Exports
Test and measurement exports from Hong Kong surged to 708K units in May 2023, picking up by 37% on the month before. Overall, exports, however, showed a pronounced slump. The growth pace was the most rapid in March 2023 with an increase of 197% against the previous month. The exports peaked at 1M units in July 2022; however, from August 2022 to May 2023, the exports remained at a lower figure.
In value terms, test and measurement exports skyrocketed to $5.5M (IndexBox estimates) in May 2023. In general, exports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in March 2023 when exports increased by 36% month-to-month. Over the period under review, the exports hit record highs at 11M units in May 2022; however, from June 2022 to May 2023, the exports stood at a somewhat lower figure.
Hong Kong Test And Measurement Exports by Country
China (528K units) was the main destination for test and measurement exports from Hong Kong, accounting for a 75% share of total exports. Moreover, test and measurement exports to China exceeded the volume sent to the second major destination, the UK (139K units), fourfold. The third position in this ranking was taken by the United States (10K units), with a 1.4% share.
From May 2022 to May 2023, the average monthly rate of growth in terms of volume to China amounted to -2.5%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the UK (-1.3% per month) and the United States (-14.6% per month).
In value terms, China ($4M) remains the key foreign market for test and measurement exports from Hong Kong, comprising 73% of total exports. The second position in the ranking was held by the United States ($351K), with a 6.4% share of total exports. It was followed by the UK, with a 2.6% share.
From May 2022 to May 2023, the average monthly growth rate of value to China stood at -5.2%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the United States (-11.6% per month) and the UK (-4.7% per month).
This report provides an in-depth analysis of the test and measurement market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 26515271 - Electronic pressure gauges, sensors, indicators and transmitters
- Prodcom 26515274 - Non-electronic spiral or metal diaphragm type pressure gauges
- Prodcom 26515279 - Other instruments for measuring or checking pressure: others
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, By Product
- Average Per Capita Consumption, By Product
- Exports and Growth, By Product
- Export Prices and Growth, By Product
- Production Volume and Growth
- Exports and Growth
- Export Prices and Growth
- Market Size and Growth
- Per Capita Consumption
- Imports and Growth
- Import Prices
- Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
